Insurance Experts On Self Insured Plans

In the news this week, insurance experts commented on proposed legislation by California Insurance Commissioner Dave Jones regarding self insured plans for small employers. The Self-Insurance Industry Institute of America defines self insurance:

Self-Insurance (also referred to as self-funding) is an alternative risk transfer strategy used by tens of thousands of employers across the country to finance their group health care and Workers’ Compensation liabilities. Self-Insurance has become an increasingly attractive option for many employers due to the rising costs associated with health care and Workers’ Compensation commercial insurance.